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BMO Capital Remains a Sell on LyondellBasell (LYB)

Tipranks - Tipranks - Tue Feb 24, 7:49AM CST

BMO Capital analyst John McNulty reiterated a Sell rating on LyondellBasell on February 20 and set a price target of $38.00. The company’s shares closed last Friday at $56.67.

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McNulty covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Ashland, and Air Products and Chemicals. According to TipRanks, McNulty has an average return of 3.8% and a 53.44% success rate on recommended stocks.

Currently, the analyst consensus on LyondellBasell is a Hold with an average price target of $49.62.

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Based on LyondellBasell’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.73 billion and a GAAP net loss of $892 million. In comparison, last year the company earned a revenue of $8.6 billion and had a net profit of $570 million

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